Shanghai Pudong Development Bank Co. Ltd. (SPDB, 600000.CN) said its net profit increased 19.7 percent to 40.92 billion yuan (US$6.6 billion) in 2013 from a year earlier. Revenue was 100.02 billion yuan, up 20.57 percent, it said in a stock exchange filing Wednesday. Basic earnings per share rose to 2.19 yuan from 1.83 yuan in the previous year. The strong performance was attributed to growth in interest-earning assets and intermediate business, cost controls and increased interest margins. The board proposed a dividend of 66 fen per share, the filing said.
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